ISLAMABAD: At the 3rd Pak-US Business Opportunities Conference, USAID announced $60 million as development credit support availability through four Pakistani banks as to provide loans for qualified micro, small and medium-sized Pakistani businesses.
Through the loans, the small businesses will be made able to expand, create jobs and increase revenues. The US government launched the US-Pakistan Partnership for Access to Credit program.
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Assistant to the Administrator in the Office of Afghanistan and Pakistan Affairs at USAID Donald Larry Sampler inaugurated the programme. USAID through the US-Pakistan Partnership for Access to Credit programme has partnered with the local banks to provide up to $60 million in loan capital to micro, small and medium businesses. The programme partners USAID with four Pakistani banks: Bank Alfalah Limited, JS Bank Limited, Khushhali bank Limited, and First Micro Finance Bank Limited.
